EU Prepares 72 Billion Euro Counter-Tariffs Against US

Šefčović, European Commission’s Commissioner for Trade and Economic Security, stated on July 14 the EU is prepared to impose counter-tariffs on US imports worth 72 billion euros if trade talks fail. President Trump announced new EU import tariffs starting August 1, leading to EU discussions.

This raises tensions between the EU and US, potentially affecting global markets. While direct crypto impacts remain low, broader risk aversion might increase volatility across financial assets, as seen in historical trade disputes.

EU Responds to Trumps Tariff with 72 Billion Euro Measure

The EU is poised to respond with counter-tariffs against the US following President Trump’s announcement of a 30% tariff on EU imports starting August 1. Maroš Šefčović emphasized the significant financial disruption this could cause, hinting at substantial economic ramifications if unresolved.

Trump’s unilateral trade decision could strain economic ties, elevating risks for cross-Atlantic commerce valued at approximately €4 billion daily. EU leaders, including Ursula von der Leyen, assert readiness to deploy substantial countermeasures, potentially impacting a vast array of imports.

“A 30% tariff would make it almost impossible to continue trade as it currently generates approximately €4 billion daily… Well-considered, proportional countermeasures remain an option if a deal is not finalized.” — Maroš Šefčovič, European Commission Vice-President

Key figures like Ursula von der Leyen advocate for dialogue but stress the necessity for actionable responses. Danish and Irish officials echo sentiments of negotiation favoring, while preparing for immediate EU action if diplomatic efforts fail.

Bitcoin Shows Resilience Amid Transatlantic Tensions

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The EU and US have historically oscillated between cooperation and contention; the 2018-2019 US-China trade war similarly caused global market ripples without direct crypto sanctions.

As of July 14, 2025, Bitcoin (BTC) is priced at $119,700.91, with a market cap of $2.38 trillion and a 24-hour trading volume of $174.69 billion, indicating a significant 283.77% surge. BTC shows positive trends with price increases over recent weeks, according to CoinMarketCap data.

Coincu analysts highlight the potential for broader market impacts from these tensions, especially if financial and technological interdependencies are disrupted. The EU’s preparedness reflects a strategic approach to safeguard its economic interests amidst possible transatlantic tensions.